A Week of No Grain Free Falls
Presented by Heartland Investor Capital Management Inc. CTA
Support holds near 460-470.
Trade focused on June 30 acreage report.
Lower acres would tighten carryout.
China demand remains a wildcard.
Dec corn target still 470-480.
Soybeans:
Holding key support near 1130-1135.
USDA confirmed 372,000 MT export sale.
China still rumored buyer.
Range trade ahead of June 30 report.
November beans holding major support.
Wheat:
Strong rally early week, then profit-taking.
France, Germany, Poland remain hot and dry.
SRW wheat threatened by heavy rains.
Ukraine still dry but may improve late month.
Seasonals still pointing volatile into late June.
U.S. Dollar:
Not a major driver today.
Weather dominated trade.
Exports remain supportive.
Currency flow stayed secondary.
Weather Outlook:
Heavy rain continues in eastern Corn Belt.
SRW quality risk rising.
Europe remains hot and dry.
Australia drought risk building with El Niño.
Brazil weather mixed into late season.
Provided by:
Eugene Graner,
Heartland Investor Capitol Management, Inc., CTA
(A separate entity from Heartland Investor Services)
Past performance is not indicative of future results. The information contained in this report is intended for informational purposes only and is the opinion of the writer and may change at any time. This information was compiled from sources believed to be reliable to Heartland Investor Capital Management, Inc. but accuracy cannot be and is not guaranteed. There is no warranty, expressed or implied, in regards to this information for any particular purpose. There is SIGNIFICANT RISK of LOSS involved in trading futures and / or options on futures and may not be suitable for all investors. Investors should consider these RISKS and evaluate their suitability based on their financial conditions. No one should ever consider trading futures or options on futures with anything other than RISK CAPITAL. NO LIABILITY on the part of the author exists for any trading loss you may incur in the use of this information. The information contained in this newsletter is privileged, confidential and protected from disclosure. Any further disclosure or use, distribution, dissemination or copying of this message or any attachment is strictly prohibited. Provided by Heartland Investor Capital Management, Inc. a registered CTA with the NFA, of which Eugene Graner is principal. This entity is a separate legal entity from the Introducing Broker Heartland Investor Services.